The bonus cuts followed straight rounds of major layoffs at the Facebook and Instagram parent.
Facebook parent Meta is reportedly set to slash bonus payments and step up the frequency of its employee reviews as part of CEO Mark Zuckerberg’s ongoing “year of efficiency.”
The company has reportedly slashed its bonus multiplier to 65% from 85% for that category of workers. The company regularly ousts employees who receive two consecutive negative performance reviews, according to the Journal.The midyear review is slated to begin in June and classify staffers by three rankings – below expectations, at or above expectations or significantly above expectations.
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